The company cut down the jobs as a result of its transition from a “local to a regional business”, it said.
The project comprise of two mixed-use towers constructed above the Union metro station on an area spanning 15,000 square metres.
The two-tower complex – split between 464 hotel rooms and 405 apartments – overlooks Dubai Healthcare City.
Dubai Design District expects to launch 130 smart initiatives over the course of its development.
Following the deal, Eiffel Management will own 100 per cent of REIT manager’s total issued share capital.
Hilton Garden Inn Dubai Al Jadaf becomes the brand’s fourth Dubai project
About 21 art sculptures will be unveiled across Dubai on March 1 to spread awareness about the impact of Expo 2020.
The airline has confirmed that the A380 flight made a safe landing at the Dubai Airport.
Town Square will feature 3,000 townhouses and 18,000 apartments in addition to retail, hospitality and commercial units.
Abbas Yazdi, a businessman of Iranian descent who owns a general trading company in Dubai, disappeared in June 2013.
He was responding to allegations made by the three largest U.S. airlines, Delta Air Lines, American Airlines and United Airlines.
The authority inaugurated the first station within its main office on Wednesday.
The rainforest, to be created within a dome, will be located in Damac’s Akoya Oxygen project.
State-owned DAE purchased aviation services firm StandardAero from the Carlyle Group in 2007.
The development features 479 residences and is located within Dubai Hills Estate.
The UAE has an extremely low home insurance penetration rate with just six per cent of the population insured against emergencies, experts say.
Mobile collaboration and Bring Your Own Device will open up opportunities worth Dhs17.9 billion in Dubai by 2019, says Shukri Eid, director at Cisco Consulting.
The state-owned company might use some of the proceeds from a $1.5 billion long-term loan for its expansion plans.
About 12,000 apartments and over 2,000 villas will be added to the city’s existing inventory in 2015, Asteco said.
The bank’s net attributable profit for the last quarter of 2014 was $106.2 million.
Sheikh Hamdan is now the second most followed leader in the UAE on Twitter after Dubai’s Ruler Sheikh Mohammed bin Rashid Al Maktoum.
A spate of high-tower fires sends out a worrying picture of Dubai to the world.
Sources said the deal could close by the end of the first quarter.
No fatalities were reported at the time of publishing.
Arqaam has offices in five countries in the MEA and offers brokerage, asset management and corporate finance advisory services.
The new senior managers are expected to help the Dhs10 billion project open as scheduled in 2016.
The new projects will be developed by the Wasl Asset Management Group across Dubai.
The firm made a net profit of Dhs512.7 million in the last quarter of 2014, down from Dhs570.3 million in the year-earlier period.
The much-delayed residential project located in Dubailand is set to deliver first 150 villas in Q2 2015.
Banks in the UAE are much stronger than they were during the financial crash of 2008, the chief executive of Dubai’s largest lender said.